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In an in-depth interview, Professor Alexander Ljungqvist discusses his research on companies that decide against going public

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Excerpt from The New York Times -- "One of the big trends in the United States is that firms are turning their backs on the stock market. That has a number of causes, but one of which I think is important is this notion of short-termism. This is the idea that managers feel pressured to change the way they run their firms when they go public."

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Additional coverage appeared on The New York Times.